November 2020
Beginner to intermediate
281 pages
7h 28m
English
Content preview from Mastering Blockchain
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 9. Other Blockchains
The success of Bitcoin and Ethereum has provided the genesis for many developers to begin working on blockchain technology. As previous chapters have shown, the decentralized nature of both networks leads to some interesting use cases.
Businesses must secure and protect corporate and user data, and blockchains are a novel technical idea for how to do so. Blockchain technology could be put to many uses within organizations. However, in practice this often requires rethinking the way that Bitcoin, Ethereum, and other open consensus networks operate in order to conform with data security, regulatory, and other requirements businesses must comply with.
What Are Blockchains Good For?
For open blockchains like Bitcoin and Ethereum, the main use cases thus far have been mostly speculative—the coverage of markets, dapps, and DeFi in this book have made that clear, we hope. But for businesses and other organizations, blockchain has some other interesting uses, and there are many trials occurring in this area.
Let’s look once again at the basics of what blockchain is useful for besides cryptocurrencies and speculation. Here are the core technologies that are put together to create what is known as blockchain today:
- Consensus
- Validates new records to prevent corruption
- Hashing
- Solidifies records to retain an audit trail
- Encryption
- Secures the transfer of digital data
- Distribution
- Enables sharing of public ledger records
What are the specific properties derived ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.